Senate panel asks Tinubu to sack CAC Registrar-General
Naija News • 3d ago
**Senate Panel Demands Removal of CAC Registrar-General over Refusal to Account**
In a move that has sparked heated debate in Abuja, a Senate committee has called on President Bola Tinubu to terminate the appointment of Hussaini Magaji, the Registrar-General and CEO of the Corporate Affairs Commission (CAC). This decision follows Magaji's refusal to appear before the committee to explain the agency's revenue and performance.
The Senate Committee on Finance is responsible for overseeing the finances of various government agencies, including the CAC. However, Magaji, a respected Senior Advocate of Nigeria (SAN), has consistently failed to appear before the committee, citing various reasons. His absence has raised eyebrows, particularly given the presence of other top government officials, including the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Minister of Budget and Economic Planning, Atiku Bagudu.
The committee's Chairman, Sani Musa, announced the resolution after a heated exchange during a meeting to defend the 2026 budget proposals. Orji Kalu, a former governor of Abia State and a member of the committee, moved the motion for Magaji's removal, expressing frustration at the registrar-general's consistent failure to appear before the committee. Kalu questioned whether Magaji believed himself to be above the law, given his consistent disregard for the committee's summons.
The committee's concerns extend beyond Magaji's absence to the CAC's revenue reconciliation. The registrar-general has been accused of sending junior officers to represent him, rather than appearing personally to address the committee's queries. This has raised questions about Magaji's commitment to transparency and accountability.
The committee's decision to recommend Magaji's removal sends a strong signal that the Senate will not tolerate disregard for its oversight powers. As Nigeria continues to navigate its economic challenges, the need for accountability and transparency in government agencies is more critical than ever. The CAC, as a key agency responsible for corporate governance, must be held to the highest standards of accountability.
In conclusion, the Senate committee's demand for Magaji's removal is a clear message that the Senate will not tolerate any form of insubordination or disregard for its oversight powers. As Nigeria looks to rebuild its economy and improve governance, the removal of Magaji and the CAC's commitment to transparency and accountability will be crucial in restoring public trust in government institutions.